Blood Culture Test Market Overview
The blood culture test is used to detect the presence of microorganisms such as fungi or bacteria in the blood. Mostly, this test is beneficial for the proper treatment required of a patient. The global blood culture test market is projected to grow at a higher rate due to the increasing incidence of various environmental borne and infectious diseases. In 2014, the World Health Organization (WHO) reported that bacterial meningitis epidemics affect approximately 400 million people living within the geographical region of Africa known as the “meningitis belt”. The incidence rate of these bacteria-borne diseases is projected to fuel the blood culture tests market during the forecast period.
Moreover, the growing demand for point-of-care and rapid diagnostic tests as well as the rising acceptance of newer technologies are propelling the growth of the market. In addition, factors such as the rise in the global geriatric population, growing healthcare expenditure are expected to boost the global blood culture tests market in the near future.
On the downside, the high cost of automated blood culture instruments and lack of skilled professionals & laboratory technicians are the few restraints that hold back the market development. Besides this, a rise in the investments for the research and development programs for the invention of new products is expected to provide lucrative opportunities for the global blood culture test market’s expansion during the forecast period.
Blood Culture Test Market Segment Overview
Based on the product, the consumables segment has a significant share in the market. This is mainly due to the increasing application of products, such as blood culture media, assay, kits, and reagents, and other accessories, for diagnostics applications. The instruments segment is the fastest-growing segment in the market due to product advancements. The automated systems, colony counters, microscopes, incubators, and gram strainers are extensively used by hospitals and other diagnostic laboratories. Additionally, the Bacteremia segment exhibited the highest growth because the bacterial infection is one of the major causes of bloodstream infection and sepsis.
Blood Culture Test Market Regional Overview
North America, followed by Europe, accounted for the largest share of the market. This is attributed to the presence of many large healthcare companies, availability of advanced diagnostics products, and presence of well-established healthcare infrastructure in these regions. Similarly, The Asia Pacific is expected to emerge as a significant region in the blood culture test market. Strong factors such as developing healthcare infrastructure and a rise in government initiatives to increase awareness about bacteria-borne disease are expected to drive the market growth in the Asia Pacific. Moreover, many diagnostic companies are targeting Asian countries, such as China and India, for business expansion. This fact significantly contributes to the market’s growth in the region.
Blood Culture Test Market Competitor overview
· In June 2016, Luminex Corporation announced it has completed its acquisition of Nanosphere, Inc. This transaction creates an exciting opportunity to enhance four pillars of growth strategy by providing a wider array of products, increased support and services, and greater depth in both the molecular microbiology and diagnostic markets.
Blood Culture Test Market, Key Players
· Abbott Laboratories
· bioMérieux SA
· Becton Dickinson
· Siemens AG
· Bayer Healthcare
· Bruker Corporation
· Merck
· Thermo Fisher Scientific Inc.
· Roche Diagnostics
· Beckman Coulter Inc. (Danaher)
Blood Culture Test Market Segmentation
Blood Culture Test Market, By Method
· Conventional Manual Method
· Automated Method
Blood Culture Test Market, By Product
· Bacteremia
· Fungemia
· Mycobacterial Detection
Blood Culture Test Market, By End-Users
· Hospital Laboratories
· Independent Diagnostic Laboratories
· Academic Research Laboratories
· Others
Blood Culture Test Market, By Region
The blood culture test is used to detect the presence of microorganisms such as fungi or bacteria in the blood. Mostly, this test is beneficial for the proper treatment required of a patient. The global blood culture test market is projected to grow at a higher rate due to the increasing incidence of various environmental borne and infectious diseases. In 2014, the World Health Organization (WHO) reported that bacterial meningitis epidemics affect approximately 400 million people living within the geographical region of Africa known as the “meningitis belt”. The incidence rate of these bacteria-borne diseases is projected to fuel the blood culture tests market during the forecast period.
Moreover, the growing demand for point-of-care and rapid diagnostic tests as well as the rising acceptance of newer technologies are propelling the growth of the market. In addition, factors such as the rise in the global geriatric population, growing healthcare expenditure are expected to boost the global blood culture tests market in the near future.
On the downside, the high cost of automated blood culture instruments and lack of skilled professionals & laboratory technicians are the few restraints that hold back the market development. Besides this, a rise in the investments for the research and development programs for the invention of new products is expected to provide lucrative opportunities for the global blood culture test market’s expansion during the forecast period.
Blood Culture Test Market Segment Overview
Based on the product, the consumables segment has a significant share in the market. This is mainly due to the increasing application of products, such as blood culture media, assay, kits, and reagents, and other accessories, for diagnostics applications. The instruments segment is the fastest-growing segment in the market due to product advancements. The automated systems, colony counters, microscopes, incubators, and gram strainers are extensively used by hospitals and other diagnostic laboratories. Additionally, the Bacteremia segment exhibited the highest growth because the bacterial infection is one of the major causes of bloodstream infection and sepsis.
Blood Culture Test Market Regional Overview
North America, followed by Europe, accounted for the largest share of the market. This is attributed to the presence of many large healthcare companies, availability of advanced diagnostics products, and presence of well-established healthcare infrastructure in these regions. Similarly, The Asia Pacific is expected to emerge as a significant region in the blood culture test market. Strong factors such as developing healthcare infrastructure and a rise in government initiatives to increase awareness about bacteria-borne disease are expected to drive the market growth in the Asia Pacific. Moreover, many diagnostic companies are targeting Asian countries, such as China and India, for business expansion. This fact significantly contributes to the market’s growth in the region.
Blood Culture Test Market Competitor overview
· In June 2016, Luminex Corporation announced it has completed its acquisition of Nanosphere, Inc. This transaction creates an exciting opportunity to enhance four pillars of growth strategy by providing a wider array of products, increased support and services, and greater depth in both the molecular microbiology and diagnostic markets.
Blood Culture Test Market, Key Players
· Abbott Laboratories
· bioMérieux SA
· Becton Dickinson
· Siemens AG
· Bayer Healthcare
· Bruker Corporation
· Merck
· Thermo Fisher Scientific Inc.
· Roche Diagnostics
· Beckman Coulter Inc. (Danaher)
Blood Culture Test Market Segmentation
Blood Culture Test Market, By Method
· Conventional Manual Method
· Automated Method
Blood Culture Test Market, By Product
- Consumables
- Culture Media Type
- Reagents
- Kits
- Accessories
- Instruments
- Automated Blood Culture Analyzers
- Supporting Laboratory Equipment
- Software & Services
· Bacteremia
· Fungemia
· Mycobacterial Detection
Blood Culture Test Market, By End-Users
· Hospital Laboratories
· Independent Diagnostic Laboratories
· Academic Research Laboratories
· Others
Blood Culture Test Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Blood Culture Test Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Method
- 5.2.1. Conventional Manual Method
- 5.2.2. Automated Method
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Consumables
- 5.3.1.1. Culture Media Type
- 5.3.1.2. Reagents
- 5.3.1.3. Kits
- 5.3.1.4. Accessories
- 5.3.2. Instruments
- 5.3.2.1. Automated Blood Culture Analyzers
- 5.3.2.2. Supporting Laboratory Equipment
- 5.3.3. Software & Services
- 5.3.1. Consumables
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Bacteremia
- 5.4.2. Fungemia
- 5.4.3. Mycobacterial Detection
- 5.5. Market Analysis, Insights and Forecast – By End-Users
- 5.5.1. Hospital Laboratories
- 5.5.2. Independent Diagnostic Laboratories
- 5.5.3. Academic Research Laboratories
- 5.5.4. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Latin America
- 5.6.3. Europe
- 5.6.4. Asia Pacific
- 5.6.5. Middle East and Africa
6. North America Blood Culture Test Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Method
- 6.2.1. Conventional Manual Method
- 6.2.2. Automated Method
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Consumables
- 6.3.1.1. Culture Media Type
- 6.3.1.2. Reagents
- 6.3.1.3. Kits
- 6.3.1.4. Accessories
- 6.3.2. Instruments
- 6.3.2.1. Automated Blood Culture Analyzers
- 6.3.2.2. Supporting Laboratory Equipment
- 6.3.3. Software & Services
- 6.3.1. Consumables
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Bacteremia
- 6.4.2. Fungemia
- 6.4.3. Mycobacterial Detection
- 6.5. Market Analysis, Insights and Forecast – By End-Users
- 6.5.1. Hospital Laboratories
- 6.5.2. Independent Diagnostic Laboratories
- 6.5.3. Academic Research Laboratories
- 6.5.4. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Latin America Blood Culture Test Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Method
- 7.2.1. Conventional Manual Method
- 7.2.2. Automated Method
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Consumables
- 7.3.1.1. Culture Media Type
- 7.3.1.2. Reagents
- 7.3.1.3. Kits
- 7.3.1.4. Accessories
- 7.3.2. Instruments
- 7.3.2.1. Automated Blood Culture Analyzers
- 7.3.2.2. Supporting Laboratory Equipment
- 7.3.3. Software & Services
- 7.3.1. Consumables
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Bacteremia
- 7.4.2. Fungemia
- 7.4.3. Mycobacterial Detection
- 7.5. Market Analysis, Insights and Forecast – By End-Users
- 7.5.1. Hospital Laboratories
- 7.5.2. Independent Diagnostic Laboratories
- 7.5.3. Academic Research Laboratories
- 7.5.4. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. Brazil
- 7.6.2. Mexico
- 7.6.3. Rest of Latin America
8. Europe Blood Culture Test Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Method
- 8.2.1. Conventional Manual Method
- 8.2.2. Automated Method
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Consumables
- 8.3.1.1. Culture Media Type
- 8.3.1.2. Reagents
- 8.3.1.3. Kits
- 8.3.1.4. Accessories
- 8.3.2. Instruments
- 8.3.2.1. Automated Blood Culture Analyzers
- 8.3.2.2. Supporting Laboratory Equipment
- 8.3.3. Software & Services
- 8.3.1. Consumables
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Bacteremia
- 8.4.2. Fungemia
- 8.4.3. Mycobacterial Detection
- 8.5. Market Analysis, Insights and Forecast – By End-Users
- 8.5.1. Hospital Laboratories
- 8.5.2. Independent Diagnostic Laboratories
- 8.5.3. Academic Research Laboratories
- 8.5.4. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. UK
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Italy
- 8.6.5. Spain
- 8.6.6. Russia
- 8.6.7. Rest of Europe
9. Asia Pacific Blood Culture Test Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Method
- 9.2.1. Conventional Manual Method
- 9.2.2. Automated Method
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Consumables
- 9.3.1.1. Culture Media Type
- 9.3.1.2. Reagents
- 9.3.1.3. Kits
- 9.3.1.4. Accessories
- 9.3.2. Instruments
- 9.3.2.1. Automated Blood Culture Analyzers
- 9.3.2.2. Supporting Laboratory Equipment
- 9.3.3. Software & Services
- 9.3.1. Consumables
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Bacteremia
- 9.4.2. Fungemia
- 9.4.3. Mycobacterial Detection
- 9.5. Market Analysis, Insights and Forecast – By End-Users
- 9.5.1. Hospital Laboratories
- 9.5.2. Independent Diagnostic Laboratories
- 9.5.3. Academic Research Laboratories
- 9.5.4. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. China
- 9.6.2. India
- 9.6.3. Japan
- 9.6.4. Australia
- 9.6.5. South East Asia
- 9.6.6. Rest of Asia Pacific
10. Middle East & Africa Blood Culture Test Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Method
- 10.2.1. Conventional Manual Method
- 10.2.2. Automated Method
- 10.3. Market Analysis, Insights and Forecast – By Product
- 10.3.1. Consumables
- 10.3.1.1. Culture Media Type
- 10.3.1.2. Reagents
- 10.3.1.3. Kits
- 10.3.1.4. Accessories
- 10.3.2. Instruments
- 10.3.2.1. Automated Blood Culture Analyzers
- 10.3.2.2. Supporting Laboratory Equipment
- 10.3.3. Software & Services
- 10.3.1. Consumables
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Bacteremia
- 10.4.2. Fungemia
- 10.4.3. Mycobacterial Detection
- 10.5. Market Analysis, Insights and Forecast – By End-Users
- 10.5.1. Hospital Laboratories
- 10.5.2. Independent Diagnostic Laboratories
- 10.5.3. Academic Research Laboratories
- 10.5.4. Others
- 10.6. Market Analysis, Insights and Forecast – By Country
- 10.6.1. GCC
- 10.6.2. South Africa
- 10.6.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Abbott Laboratories
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. bioMérieux SA
- 11.6. Becton Dickinson
- 11.7. Siemens AG
- 11.8. Bayer Healthcare
- 11.9. Bruker Corporation
- 11.10. Merck
- 11.11. Thermo Fisher Scientific Inc.
- 11.12. Roche Diagnostics
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
